Carmen Amara Sells 1,500 Shares of Yelp Inc. (NYSE:YELP) Stock

Yelp Inc. (NYSE:YELP) insider Carmen Amara sold 1,500 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $33.16, for a total transaction of $49,740.00. Following the completion of the sale, the insider now directly owns 107,207 shares of the company’s stock, valued at approximately $3,554,984.12. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Yelp Trading Up 0.1 %

Shares of NYSE:YELP opened at $33.68 on Thursday. The business has a 50-day moving average price of $38.56 and a 200 day moving average price of $36.67. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.76 and a beta of 1.33. Yelp Inc. has a 12-month low of $32.56 and a 12-month high of $41.72.

Yelp (NYSE:YELP) last announced its quarterly earnings data on Thursday, February 13th. The local business review company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.09. The business had revenue of $361.95 million during the quarter, compared to analysts’ expectations of $350.73 million. Yelp had a return on equity of 18.07% and a net margin of 9.41%. As a group, equities research analysts predict that Yelp Inc. will post 2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Yelp

Several institutional investors have recently added to or reduced their stakes in YELP. Allworth Financial LP increased its position in Yelp by 82.5% during the fourth quarter. Allworth Financial LP now owns 637 shares of the local business review company’s stock worth $25,000 after buying an additional 288 shares during the period. Avion Wealth lifted its position in shares of Yelp by 1,963.6% in the fourth quarter. Avion Wealth now owns 908 shares of the local business review company’s stock valued at $35,000 after acquiring an additional 864 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Yelp by 76.5% in the fourth quarter. Fifth Third Bancorp now owns 1,094 shares of the local business review company’s stock valued at $42,000 after acquiring an additional 474 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Yelp in the third quarter valued at $54,000. Finally, McIlrath & Eck LLC purchased a new position in Yelp during the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 90.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on YELP shares. Evercore ISI raised shares of Yelp to a “hold” rating in a research report on Monday, November 11th. Morgan Stanley upped their price objective on shares of Yelp from $34.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Robert W. Baird cut their price objective on shares of Yelp from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Yelp from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.17.

Yelp Company Profile

Yelp Inc operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shopping, beauty and fitness, health, and other categories, as well as home, local, auto, professional, pets, events, real estate, and financial services.